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. they are studying the evolution of specialization as they uncover details of ancient economies around the world. in the maya city of copan, a jeweler fashioned rare shell and jade for his powerful lord. in mexico, living artisans echo the economy of a vanished civilization. and in teotihuacan, evidence of mass production has now been unearthed. tiny faces of clay reflect the men and women who made them a thousand years ago. on the other side of the world, in the ancient roman city of ostia, huge merchant ships were part of an economy much like our own. and today, the tanners of morocco still practice their ancient craft, living proof that economies have evolved out of the past. everyone who has ever lived has been part of an economic system. iel bote grande...mil pesos! economic systems are simply the ways people produce, distribute and consume things -- everything and anything, from tortillas to stocks and bonds. for 10,000, 10,000 an eighth. today, as in the past, economic systems lie at the heart of how a society is organized. archaeologists search for these systems because they believe econ
front. more companies are hiring and the economy shows signs of a rebound. >> hello, welcome to al jazeera america. i'm morgan radford, live in new york city. >> an american war veteran detained in north korea is on his way back to the united states. merrill newman departed beijing airport about 15 minutes ago, headed for his home in san francisco. he'd been held in north korea since late october. officials said they released newman on humanitarian grounds and for apologising for crimes committed during the korean war. he spoke to reporters before leaving beijing. >> i'm glad to be coming home. >> melissa chan has more. >> great news that merrill newman has been freed. you can well imagine how distraught his family has been. he's missed thanksgiving, but will be home in time for the holidays. we hear that merrill newman was part of a special unit called the white tigers. military intelligence stole secrets - we didn't know about the group until the 1990s. so from the north korean perspective they consider merrill newman, even though he's advanced in age, a serious enemy. from the n
the economy. and since the days of henry ford, the american auto industry kept its hand on the wheel and its foot on the accelerator. detroisold the big car. and american drivers bought it. high gas mileage didn't mean much to people used to 30 cent gas. 1973 changed that. war in the middle east and an oil embargo were followed by short supplies, gas lines, and skyrocketing prices. higher gas prices de datsunsan. to some, importing japanese cars meant exporting american jobs. so why not just cut imports to save jobs? for drivers, cars are transportation. but in detroit, cars are jobs, good jobs, and lots of them. for auto workers, more imports would mean more layoffs, often permanent layoffs, and a search for new work by men and women who had spent their lives on the assembly line. president douglas fraser of the powerful auto workers union took the workers' case to washington. his members and their employers needed protection from their japanese competitors. protecting auto workers and the auto industry made little sense to believers in free trade, like economist robt crandall of the brooki
latest report on the state of the u.s. economy. then the fcc considers a plan to let air travelers use their cell phones in flight. the inter-sector is being called the fastest cop car ever. to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and the stories making headlines tonight. yang yang is in washington with today's cover story. she will have the latest on u.s. government rules that could change the way we fly. we will have that story coming up. economic conditions around the nation shows the united states still growing at a moderate to modest pace. is that enough to get the fed to alter its row graham. >> the new beige book does not contain any major revelations on the u.s. economy but it could bolster the view that the economy is gaining traction and could affect policymakers decisions on whether or not to scale back their asset purchases. from the fed's 12 districts, early october to mid november, that includes the 16-day government shutdown. economic activity continued to expand at a modest
they could be influenced. the official forecast is for 185,000 new jobs created by the economy, 180,000 of them private, but the whisper number on the street is stronger -- over 200,000. the number, we had a big surprise -- remember, we had a big surprise last month and everyone expected a disaster. the adp payrolls number came in over 200,000, and that surprised people. factor in revisions, and we could see 50,000 or 60,000 additional jobs added. bettingld have people on the fed starting to buy what buys in bonds.-- cars. rates on homes and the fed surprises by not tapering after the weak job report in september. talked back oner the table. >> doesn't the fed have a target for the unemployment rate? >> yes, and no. ring does notape -- tightening. then implement number does not mean as much because it was distorted by the government shutdown. it will come down, but it will not be a factor for the fed air it said officials have told me -- that. -- said. fed officials have told me it will not be dependent. fourth-quarter gdp is tracking much lower, around 1%. they want evidence we wil
is helping to create a stronger economy and a fairer society. will the prime minister meet me and a delegation of young people from cornwall to see how we can further promote these very worthwhile schemes? >> i am delighted with the news about the number of apprenticeships in cornwall. the government have made a major financial commitment to funding apprenticeships. that is making a difference, but there is far further to go in tackling youth unemployment and worklessness among people between the ages of 16 and 24. i am always happy to meet with him, perhaps a suitable moment might be when i am in cornwall. >> house prices are going up at a time when real wages are going down. does the prime minister accept that when interest rates go up after the election, it will detonate a sub-prime debt crisis of his making? >> the greatest danger in terms of interest rates would be to have a government who believed in more borrowing, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the cost of living and that is what every family in this c
, subsequent roads, transit and water investments helped fuel our economy and tie the nation together. more recently, the failure to address long-term funding has also been bipartisan. the bush administration ignored strong recommendations from their own private sector experts that they impaneled to give advice. although the obama administration did request and employ some modest funding in the recovery act and has proposed an infrastructure bank and talked extensively and i think sincerely about the need for investment, what has been lacking has been a specific concrete proposal from either party to address infrastructure financing in america. while the political maneuvering has secured here in washington, the gap in the highway trust fund has been growing and conditions of our roads, bridges and transit systems have been deteriorating. this puts america at a competitive disadvantage, complicates the movement of goods and people and contributes to congestion and pollution. at the same time, the needs grow, the resources are in significant decline. the gas tax has not been increased since t
in stock prices but in property markets, as well. he called the u.s. economy still weak and vulnerable. he says technology and financial sector stocks seem most stretched. he still sees value in energy and health care, so far this year the broad-based s&p 500 index is up more than 26%. >>> well, jim paulson is not buying the bubble talk, saying there is still a lot of upside in the market, jim, nice to have you with us. so tell us why you're not expecting any bubble trouble after a nobel prize winning economist says that things are vulnerable. >> you know, susie, i think the primary thing that creates sort of a bubble economy and ultimately a recession is just simply too much confidence about the future. when all the players, consumers, businesses, policy officials, everybody gets really bullish about the future they start to engage in dumb behaviors, they stretch the balance sheets, hire too many people and buy that second summer home and that is the thing that ultimately has to be corrected. and i think that confidence is better today but we're still at confidence levels that are below a
and calm. >> hard to react when you're panicked. calm make sense. randall. thank you. the u.s. economy is growing, but so is the income gap between rich and poor americans. president obama addressed the problem. >> the lack of upward mobility that has jeopardized middle class america's if you work hard you can get ahead. this is defining of our time. making sure that our economy works for every working american. >> the president did not propose any initiatives during his speech. but he said a rapidly growing of deficit opportunity is a bigger threat than the fiscal. we'll go to danny, professor of economics, great to have you back. >> thank you. >> a pleasure, you heard just a moment ago, america's dangerously growing income is defining the challenge of our time. is the president correct, or is he, as some would say, overstating the income inequality and wealth gap argument with that kind of a statement? >> no, if anything there is an understatement. he's absolutely correct saying that it is a defining problem. and this problem has just--it has been exacerbated by global pressures. it
blast. we begin tonight with inequality in the economy and the dangers to young americans. president obama says 10% of the population is now taking home half of the nation's income. he warns the growing canyon between rich and poor is destroying the economy, and threatening the american dream. president obama -- >> the top 20%, has about a two in three chance of staying at or near the top. a child born into the bottom 20% has a less than one in 20 shot at making i.t. to th -- making o the top. he's ten times modifier likely to stay where he is. >> president obama states statistics that shows the average american income is shrinking. the president asked the congress to raise the minimum to $7.10 an hour. encouraging government dependence. white house correspondent mike viqueria joins us with more. mike, why the speech and why now? >> it's a great question john. first of all the facts that the president and the statistics that the president cited are beyond dispute. there is a growing income disparity in the country. the top 1% has seen their incomes triple, the lower middle class has
in the economy. the fed has been fighting that trying to keep rates down to ensure the economy is really getting going, not just one time only, but steady in creating a lot of jobs. now if today's data is a sign that things are on track in this country, i don't know what it is. i just don't know what is good data. after i saw this data. so you have to figure the fed stops fighting the tide unless rates rise and this will present more competition for stocks and it can reverse the terrific data we got today and that's what janet yellen has to be worried about. the successor to bernanke. maybe the data is aberrant. we haven't seen a surge in consumer spending. we really haven't seen a strong employment growth, and while we keep talking about a budget compromise today, forget it, it's not a surety. it may not do anything other than resolve the ridiculous sequester that's so twisted government spending. frankly, i tried to dispense with this as quick as i can. why? anyone can trace it. so let me tell you what you don't know. you have heard about this tapering game for so long. i know you don't care t
, good news about the economy, two brand new snapshots of the u.s. economy, both striking ones. the gdp, the gross domestic product shot up 3.6% in the third quarter and a second report is showing the best private sector jobs growth all year. zain asher will join us had ffrw york in a minute. probably means the friday jobs market numbers will be very good. those numbers come out tomorrow. >>> the fight to close that wage gap heats up today, in just about two hours thousands of fast food workers are expected to protest in 100 cities across the country, from new york city to new orleans, to oakland, trying to pressure employers into paying a livable wage of $15 an hour. now they've got a powerful ally on their side, president obama. >> we know that we're going to have a greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail sales people who work their tails off and are still living at or barely above poverty. that's why it's well past the time to raise a minimum wage. >> but the messa
by for the latest read on the economy. initial jobless claims and personal consumption on deck. we have a jobs report tomorrow. michael mckee has the real deal on the numbers. data, two other central banks have their decisions -- no change on the ecb or the bank of england. >> but it does tell us something. there are implications for both of the banks in making no decisions. the bank of england, their economy is picking up and the government raise their economic nexth forecast to 2.4% year. should that push up inflation, they have a problem. they are already at 2.6%. by doing nothing, the bank of england tells us they do not think inflation will be a problem. across the channel, to the ecb, their problem is inflation is too low. it was at 0.9% in october. their decision says they are staying put and they do not need to take additional action as it did last time with a cut in interest rates, so they are on hold, but we will watch what mario draghi says. they're expected to put out new forecast for the next two years and their first look at 2015, and people will try to extrapolate where they thi
house. president obama is renewing his call to raise the minimum wage. >> making sure our economy works for every working american. >> reporter: the national restaurant association says most fast food workers are happy and labor unions are staining these demonstrations. >> you cannot be an employee and be demanding salary based on your needs. salaries have to be based on the economy and what the economy in the area can bear. >> reporter: organizers say they are planning more protests in the future. danielle nottingham, cbs news, washington. >> well, the stars sure came out last night in rockefeller center. the christmas tree is now in place. mayor michael bloomberg turned on the lights that illuminated a dazzling display of 45,000 multicolored led lights. it's a 76-foot spruce tree from connecticut. it is part of a ceremony that dates back to 1933. this tree you see here will be on display till january 7. afterward it is will be milled into lumber and it will be donated to habitat for humanity. >>> the holiday decorations are up inside the white house. first lady michele obama helped us
something happens quick for the economy to catch up, i'm not necessarily agrees there's a crash, but a -- >> pullback. >> what would kill this rally is a sit spike in interest rates. >> we're over it. we had a global bond market sell-off today. >> by the way, mr. shiller, professor shiller may protest a little too much. he has this big theory about the stickily cal adjusted p.e. ratios, where he takes the prices by the average earnings. while it's high, he himself has had hits own index didn't consider the market to be overvalued. it's alternates high. this is his own index right now. >> the other issue is those who believe the market is propped up by the fed. that's been an issue for some time now, but it's gaining rather a lot of traction one an increasing number of people. because -- today there was an article in waerge, but how put the foot on the gas, and is there concern about fed policy and -- and people are becoming concerned. listen. at some point they have to pull the trigger and start to taper. when will it be? march? june? a year from now? that's what gets frustratin
/3 in that pew survey believe americans view greater involvement in the global economy is a greater thing. meaning when america is a strong country it's better for the world. >> we have seen that throughout history. and when we see economies like china coming up it's important to have our own economy keep going. people like to complain about america, but when something happens in the world, the philippines, the typhoon there, when something happens in the world guess who is the first country to go, the united states military and the charities. we are divide as a country on political lines. republicans and democrats are split on how they see our influence in the world. the democrats believe the president has broken his promises. he said we would leave iraq, afghanistan and close guantanamo bay. republicans are saying don't be apologizing for guantanamo bay when you are on foreign tour. bill: what do you think the apology tour did to our view of ourselves in the world? >> when you have the president of the united states going over to other countries and telling countries that we are the one
, and that's hurting the economy, as well as the military authorization bill, the defense authorization bill that allows the military to get paid next year. these things have to get done fast, it is going to be very tough including avoiding a shutdown. jenna: sometimes you're known for procrastination, maybe a tougher deadline can help everyone -- i'm just going to be optimistic. >> nice place to start. [laughter] jenna: carl, thank you. jon: when americans hear the work schedule, no wonder congress has such a low approval rating. let's go to the extreme weather alert, a nasty winter storm causing big, big problems. after being pummeled with heavy snow and freezing winds, areas are digging in for a burst of very cold temperatures. the storm is on the move now and spelling icy trouble across the south. meteorologist maria molina is here with what we can expect today. maria? >> reporter: hi, jon, good to see you, and hello, jenna. we've been looking at some very cold current wind chill temperatures with some areas looking at a current wind chill at about threes below -- 40 degrees below zero a
able to improve reforms. instruments tous have a very strong economy and especially, very good social results. the facts are there. the economy is growing almost at an average of 5.0%. we have been creating jobs for 14 months in a row. we had a performance of 40 months, month after month, the unemployment rate was going down. we can say that very proudly colombia has created more jobs than any other country in latin america, including brazil. this is something which i think is very important. the jobs that we have been creating for the first time our formal jobs instead of informal jobs. we have put in place specific and focused public policies and ,aken action to fight poverty extreme poverty. peru,sides through -- which has been the country that has performed better in this are theafter peru we best performer in the whole region in terms of decreasing poverty. and also against extreme poverty we have put in place specific actions and we have been able to take on extreme poverty more than one million -- for more than one million colombians. one of the big problems that we bottlenecks
are furious about the failure to sign a trade deal with eu and turn to moscow to save the economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights and our kids are brought up in a good country without corruption and where everything is fair. >> reporter: the crisis here is reaching a crucial moment and he believes he can survive with moscow's help but they are ready for a long fight to achieve aims and i'm tim friend with al jazeera. >> leaders lack constitutional power to oust the government before the presidential election in 2015. a riot breaks out in singapore's little india district after an india national was struck and killed by a bus. crowds attached police and set cars on fire and dozens were injured and 27 people were arrested. it was singapore's first major riot in four decades. and the president of venezuela won half of the elections on sunday and held control in the oil city and the capitol caracas and inflation is 54% and power outages and shortages of necessiti
stories. >> one family with a net worth -- >> the president says the economy income gap is threatening a dream. he says one solution would be an increase in the minimum wage. >>> thousands say they won't show up for work tomorrow. a one-day strike to demand higher pay is expected in more than 100 cities. workers average $9 an hour. 40 wells trapped this >> on "america tonight," in the world's richest nation, why is it so hard for so many to make a decent living? we will look at wealth, poverty and why a minimum wage just isn't enough. >> gas is up. hiring is up but our wages aren't up. >> south of the border, the mexican city fighting off drug and gang violence to give its young people a brighter future. >>> and beckham and the boys, the story behind manu and the class of '92. kiesh >>> good evening. thanks for joining us. i am joie chen. we begin looking at struggles of cities and workers and the future of both. money, how cities balance their economic needs and can protect their citizens. case in point, a fight for a living wage which has quietly quietly grown from a city by city mov
economies. improvement and growth, but what's happening in the real economy? >> the spanish enclave that's a tempting gateway for illegal migrants. (vo) al jazeera america we understand that every news story begins and ends with people. >> the efforts are focused on rescuing stranded residents. (vo) we pursue that story beyond the headline, past the spokesperson, to the streets. >> thousands of riot police deployed across the capitol. (vo) we put all of our global resources behind every story. >> it is a scene of utter devastation. (vo) and follow it no matter where it leads, all the way to you. al jazeera america. take a new look at news. >> this isn't a new channel, this is a watershed moment in media for america. >> this entire region is utterly devastated. >> people our here are struggling. >> the fire jumped the highway we took earlier. >> your average viewer want's to actually understand how the health care law is going to help them or hurt them. >> they know they can get extremist bickering somewhere else. >> people say that we're revolutionary. our revolution is just going back
that continues to maintain the availability of inexpensive natural gas that strengths the economy as well as help us reduce air emission. >> i appreciate that. i think it seems like a reasonable response. someone who asked you environmental law far long time. please, do what you can to work with the administration. so we don't have overlapping of potentially inconsistent regulations. very frustrating for the public. we want it to be done responsibly and in a way people can understand. thank you for being here. thank you, mr. chairman. >> thank you, mr. peters. >> the gentle mab from arizona. >> thank you. i only had two things i wanted to walk through. everyone in the committee with us here yesterday. i'm sorry, you're going hear the same stheem again. the large data bases that are used particularly in things like pm10 which is a big deal in the desert, southwest we have the thing called dirt. without grass on it. so it really does affect our lives. down to the individual -- because you and i know with all other type of data. you are a social an throw polks when you were being vetted and doing y
, the economy comes to life. norfolk southern. one line, infinite possibilities. and better is so easy withrning you cabenefiber.o something better for yourself. fiber that's taste-free, grit-free and dissolves completely. so you can feel free to add it to anything. and feel better about doing it. better it with benefiber. in the florida everglades, it looks like they've gotten well-needed help. i want to bring in john zarre a zarrella. what is the latest here? have they been successful? >> reporter: yeah, this is really, really good news. what we are hearing now, we are here in the gulf of mexico, we just caught up with the stranding rescue team and the whales are gone. i'll repeat that. the whales are gone. they can't find them. a coast guard overflight of this part of the gulf of mexico and off the florida everglades did spot a large pod of whales in the 30s, they cannot confirm that it is the same group, but they are optimistic that it is and that group was 11 miles offshore. so, they have moved well offshore into deep water and the stranding team -- >> sounds like we lost john there. i mea
a playing field helps us you be able to buy more, helps the economy. >> she was part of 100 people who rallied outside of the washington, d.c. chamber council for a minimum wage. >> congress's failure to act and congress's failure to take care of those who have been left behind, not just from the recession but the people who want things to become better and better. we are becoming a hunt tree of haves and have nots. we need to be sure we have a living wage. >>> members of the council have one more round of voting before it goes through. president of the dc chamber of commerce insists the bill will hurt the local jobs market. >> for every 10% increase in the minimum wage, employment decreases by 1 to 3%. sot a small business person, that becomes a big deal. and it may be laying off a person to be able to afford to pay that. and that's not what you want people to do. >> this isn't the first time the nation's capitol has introduced living wage legislation. the controversial wal-mart bill proposed this summer would have required the super store and other large retailers to pay a wage of at
are not tone agers flipping burgers. is the better cure to improve the economy in general. you have to remember in the past 20 years or so. we hiked the minimum wage ten times federally. and since 1956 it was done five times. and we looked at businesses. i immediately looked at 15 year stock charts. i picked mcdonalds. and we look at stocks and how they perform. they inform people at minimum wages and both of their stocks hit all- time highs and that is since they were publicly traded since the 80s. and minimum wage hurts people. people say costs go up and the prices get more expensive. and the dollar menu goes away. and then the supporters. believe it or not costco was supportive of raising minimum wage but not to $15. >> it is a bug jump from $8 to faep. >> and especially for the small business. >> john boehner was talking about it this woke. he believes what? if you raise the unemployment minum wage. >> you get less jobs and fewer jobs, exactly. and that has been more of a conservative view point. but there are conservatives, and the state of new jersey run by chris christie and their state
,000. the job gains helped lower the unemployment rate from 7.3% in october. the economy has not generated an average of 204,000 jobs from august through november. that is of some 159,000 a month from april through july. >> nelson mandela will have a states burial on december 15th. slacks or around the world are at half staff in tribute to a man many call a giant for justice. nelson mandela, the former south african president and nobel peace died yesterday at his home in johannesburg at the age of 95. this is video of his supporters outside of his home. south africans drapes in flags and images of mandela get on the streets to sing and dance. mandela's body is not a military hospital in pretoria, head of a state funeral and a little more than a week from now. >> the chp has issued a statewide amber alert for a 14-year-old girl believed to have been abducted by a man in kennewick, washington. 19-year-old eduardo flores- rosales on the right is suspected of abducting elizabeth romero on the left on wednesday afternoon. romero is described as a hispanic girl standing 5 feet 3 inches tall, wei
constitutionalism, and the rule of law, open market economies, diversity, and non-racialism. >> i am extremely sad. it is tragic news. just remind it what an extraordinary and inspiring man nelson mandela was. my thoughts are with him and his family. >> i want to introduce you now to an ambassador who has dealt with nelson mandela in the past, the first woman u.s. ambassador to south africa, and the senior director for african affairs at the national security council, currently a distinct professor at carnegie mellon university and also the director of the carnegie center for international policy and innovation. ambassador, thank you so much for joining us. tell us about meeting nelson mandela in person and what it was like. >> i first met nelson mandela in 2001 at the white house in the oval office when he came to meet with president george walker bush. i was, of course, like everybody else in the white house, all inspired.-- awe- he was frail at the time, but he was a very straight up guy, very tall, a magnificent presence. and even though president bush, for instance, help him walk out to the r
276. that's been a pretty significant change. >> a big move but at the same time economy a little bit better. >> unless you count jobs numbers, right? which we'll get another look on friday. >> you want to go against the autos? >> i think gm will have great numbers. there's momentum that's difficult. david, you made the best point. do i want to sell anything other than the losers? five stocks in the dow up less than 10% and clunkers. okay in maybe you want to sell a clunker, caterpillar. a clunker, ibm. otherwise, why take the gain issue? >> i talked to a couple of guys who believe we will have a technical melt-up in the winners for this very reason. >> why would you sell them? you'll buy more or conceivably because nobody has a reason to sell them. we look at the supply. i look at the quarters to me the most important thing is not the revenue growth, not the earnings growth but the shrinkage. companies bought their own stock hand over fist and not a lot of stock for sale. i think it's major. >> looking for clues as to how business news, working into the overall american psyche, check
sales promotions. christine romans is here with the good news. >> automakers saw the economy is getting better and they think it will keep getting better next year and that is great for auto sales. when you look at car sales, it really gives you a clue into the minds of the consumer. you don't just spend $38,000 on something casually. you need access to credit, confidence about your job, a ro reason to do it. very good numbers for november. 14% year over year increase for gm, that's great. ford, up 7%. chrysler, up 16%. and it wasn't just the incentives. there were good incentives. about $2500 on average was the incentive to get out there and buy a car. big advertising for black friday. a lot of people went to the showrooms, that helped. but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight.
will go to your blog. >>> the struggling economy has some communities thinking of breaking away. a wealthy community in baton rouge is thinking of breaking away. it's been tried in new york, los angeles, indiana. >> jeffrey lee doesn't miss a moment with his grandchildren. although they are not in school he knows education is the key to life. >> i want them to go to school. >> it's a challenge in a city where 60% of public schoolchildren are not learning at grade level. >> it's one of the worst school systems in the state. how many generations of children do you disserve before you say, "let's try something different." lionel rainey is pushing for a different plan for better schools. by breaking away from baton rouge, and starting a new city. the city of st george would encompass an unincorporated area home to a fifth of the residents, it would control and run schools with its own tax residence. >> it's not about starting a city, it's about education. >> it's about 100% total about education. we came into this saying we want to take accountability for the schools in our area >> critics say
economic growth and growing the economy and giving everyone a chance to go ahead. people don't want redistribution. but with the republican party offering very little his message resonates with the democratic base. >> if you don't think we should raise the minimum wage, let's hear your idea to increase people's earnings. you don't think of child should have access to preschool, tell us what you would do differently to give them a better shot. martha: increase the inmum wage and increase childhood education. >> he spoke as if he hadn't been president. he spoke as if he's on the outside of his own presidency. he has been president for five years. what we have seen in the speech and what we'll continue to see is more class warfare because this is who he is. he is a leftist and essentially a socialist. so he believes in waging the class warfare. when he talks about -- when he spoke about the american dream he has a warped leftist view of that dream. he believes the state should use its to force greater income he:quality. when government do that it's essentially called communism. the ame
minister says the u.k.'s economy is growing faster than any other major economy in the world. george osborne prediction for this year has been doubled to one point fow%. but he said he is sticking to his strategy, and confirmed the state pension age can eventually rise to 69. we have done so in the face of a sovereign crisis aboard, and at home, in the face of opposition from those who got britain into this mess in the first place. and have resisted every cut, every effort to get us out of that mess. >> is there any reason to celebrate britain's growing economy if things don't apeek tor getting better? lawrence lee records. this high quality clothing manufacturer, things are running smoothly, they design make and sell women's fashion here to the rich in britain and far beyond. this has been made by gina and jane. we still hardly get in 2007-8, and we have grown throughout the recession. and each of those years i think we grew 7%, and this year that is doubled. down the road is the city of darby, not doing too badly, there are a lot of manufacturing outlets. unemployment is about aver
these numbers are proof the economy is getting better. critics warn low unemployment means the federal government may cut back on economic stimulus which could force the stock market to take a hit. chris wallace is live on capitol hill, celebrating a milestone. chris has been doing "fox knossos" for ten years. hart to believe. we have been stuck with you for ten years. >> i hope it's not stuck. we're going to have a little piece at the end of the show on sunday, taking a look bat at the highlights and lowlights of the last ten years. i'm sure you feel this, shep, with your show. just amazing over the course of a decade who you get to talk to, where you get to go. the adventures you go on, and i'm so grateful to have had the opportunity. >> tell me the lowlights. >> you probably know most of those as well. you'll see them. the good, the bad, and some surprises along the way. >> what do you make of this business on current topics? >> well, you mean in terms of the unemployment rate? >> yes. >> you're exactly right. it's great news. 7%. 203,000 jobs created. the latest upgraded numbers fo
coming over here and competing in the gobble economy. education is at the core of this and goes to connecting that bond that has been broken. >> you have all this evidence that's truly offensive. take the detroit pension ruling. so we know what the ruling was and we know what the effect may be on people's pensions. they will be cut. city employees, firefighters, no matter how the pension deal was cut years ago the pensions will be cut. but before the pensioners receive their pension who gets paid first? the bond holders, the banks, the big boys and then, then the pensioners will get paid. there's something just deeply flawed with what's been going on in this country and it's not one party or the other, it's the whole system and it's a couple of decades that it's been going on. >> there's a suspicion the people who have been having these massive hikes in their compensation packages are not reinvesting necessarily in job growth and productivity. they are actually -- it feels to a lot of americans on main street like funny money, it's getting recycled, reput into investment funds t
be seen as competitors for jobs as well and with the turn in the economy it's coincidence this took place in 2008. i did a lot of investigation into hate crimes and that kind of goes hand in hand. so that is how they are making a living. some women work in homes taking care of the cleaning and babysitting. >> i don't know if you heard there is a student group in texas today they took the program off but what shocked me is the head of the student group was actually looking out. his name was garcia. to me it was shocking knowing that they decided that this would be a good idea. did you find any hate among the groups you talk to? >> i didn't find hate but one of the attackers his mother is african-american and his father is puerto rican and what i learned in reporting this book is, while i think we know already people tied to humanity to those that we know. it's not different for example with black-and-white. it's like my best friend but i don't believe in whatever. so it's kind of they were comfortable in their own world because they knew each other and spoke the same language literally and
. and in an economy that is not creating enough work for people who want to go to work and still not creating enough middle class jobs. >> reporter: the president is paying attention to the issue, calling for a raise in the federal minimum wage. >> it's well past the time to raise a minimum wage that in real terms right now is below where it was when harry truman was in office. >> reporter: in this push for a higher minimum wage, a higher federal minimum wage likely to not go away anytime soon. the bureau of labor statistics shows six out of ten fastest growing positions in the next decade will be low paying positions. >> a lot of folks are struggling. that's for sure. we'll be watching these protests across the nation. >>> in other headlines, vice president joe biden says china's new air defense zone over the east china sea is causing significant apprehension. he's in beijing meeting with the country's top leaders. biden says he expressed washington's firm position and expectations regarding the zone. the air space is over a disputed island chain claimed by both china and japan. biden will be headi
" is better. the twenty fourteen ford edge. only ford gives you ecoboost fuel economy and a whole lot more. go further. >>> some say president obama who revved up a democratic crowd today that called for lifting up the poor and raising the minimum wage, jim acosta watched it today. >> just as the president is trying to fiction the obama care brand, he is working on the obama brand. it is not just obama care. >>> president obama was on a mission to fire up his base. >> he laid out a decidedly progressive second term agenda. calling for a raise in the money mum wage from $7.25 to $10 an hour. he casted republicans as a scrouge if they stand in the way. >> it will happen if congress does not act before they leave on their holiday vacation. >> sources leaked out new enrollment numbers, some $29,000 signing up in the first two days in december. republicans argue that's not fast enough to enroll the millions of americans who have seen their policies cancel. >> what will these patients and families do when they show up at the hospital or need to reorder a life saving prescription on new year's day an
economies came together. all of them said it was crucial. they all want to see the w to round concluded in a positive way. so we think it's important. i must say i agree with your introduction, it's a sombre outlook. we hope we'll see a value, but it's unlikely to be an interesting one. >> the door to the european union is open. the message to ukraine from germany's foreign minister. the comments have been welcomed by protesters on the streets of kiev and they have been given a boost by the support of three former ukrainian presidents. protesters are angry at the government's decision to reject a deal with the europeanionion. >> let's cross to our correspondent rory chalened in the ukrainian capital. how are the protests going? >> the numbers are low this morning. that tends to be the pattern. it's only really the hard core of protesters that stay in the scare. it's understandable because it is cold at the moment. as the day progresses the numbers start to pick up. they are picking up the moment. more and more people are arriving at the square. there are a couple of things we are watchi
the u.s. economy has been created over $200,000 a month. this is very good nils because the job market is strengthening. wall street is reacting positively. the >> we have been dealing with subfreezing temperatures. are you ready for the rain and snow? i will have a full detail of what to expect. [uncle]this is hopscotch,okay? uncle go one,two,one,two,one two,one. [niece]okay! [uncle]okay? [niece]one,two three,four,five,six,seven,eight! [uncle laughing] okay,we go the other way,okay? [niece]one,two,three,four,five, six,seven! [uncle laughs]there's ten spaces,you want to try again? [uncle]yeah? tell me you can'wait for christs. and you appreciate the things io. because we'll ways be a famil tell me i bring out the best iyou. ♪ that you're thankful ♪ that it won't be theame without me tell me you love m even if you say it every d. just tell . [ female announcer everyone you love has someing they need to hear this holid. tell them with a hallmark card >> welcome back. we are watching the weather perry ed there is an ice storm out of dallas. the traffic is just box of the roadway, thei
that have the largest challenges this attaching to our economy. so we don't have a date for that yet, but we're going to set it. we're working on it. and so we'll send invitations out to all of you again since you've been with us today, so look for that in the next couple of weeks. thank you again for joining us today. have a happy thanksgiving, and shop small business on saturday. [laughter] [applause] [inaudible conversations] >> today the leader of french opposition party talks about france and the rest of the international community. he'll discuss a range of issues including the eurozone crisis and his country's refusal to sign off on the recent iranian nuclear deal. we'll have live remarks beginning at 6:30 p.m. eastern here on c-span2. >> i didn't get the idea for the for dummies series. i had an idea to do a beginning book about computers, about dos b specifically, and i kind of inspired myself to do that just dealing with people in magazine editing job i had and being on the radio at that time and being out in the public and talking to people about computers. it was obvious that peop
jeopardized this nation's middle class and urging washington to take steps to ensure the economy works for everybody. >> child born in top 20% has about a 2 and 3 chance of staying at or near the top. a child born into bottom 20% has a less than one in 20 shot at making it to the top. >> the president is also calling for a hike in the federal minimum wage saying increase would be a good step for families and the economy. right now it's 7:25 per hour, democrats pushed to increase to $ten per hour. >> a new study finds what children flern preschool may keep them from dropping out late scombrer away from crime. they did find children who received quality preschool education did better in reading and math in kindergarten but had better social skills. >> it's about paying attention, about controlling your impulses. about sharing. about regulating your behavior. it's those character skills that are going to make you an accessible citizen. >> early school successes have a chain reaction. kids who are success envelope kindergarten do well in third grade and children who perform well in third g
you hrks this is a drain on our economy. >> if they thought they could control that much of the economy and that much of the policy board, i would see them aiming at that. i think they short term hope that happens. but with 1.5 million people being told they qualify for medicaid, with thousands signing up. with more people signing up for obama care in the last two days than the first whole month of the program, i think the train is out of the station, i think it will be politically influx -- >> rachel, the debate has just changed. you know, when the conversation was only about the inability to get on line, and there was confusion out there, 85% of americans don't need to be concerned with going on line. i will say you have insurance through your employer, nothing is going to change for you. so i think the confusion has really been a detriment. i am from pennsylvania, we don't have our exchange, i probably would have more than two dozen choices. if our governor had cooperated, i think in addition to aetna and in addition to blue cross i would be looking for more solutions.
is under control and doesn't present a serious threat to the economy. he focused on the gap between the rich and the poor and making the case for raising the minimum wage to more than $10. while extending unemployment benefits. >> we know that we're going to have greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty and that is why it's well past the time to raise a minimum wage that in real terms right now is below it was than when harry truman was in office. >> republican leaders quickly took issue with the president's poach. house speaker john boehner suggesting the president's policies created the very problems that he described. >> meanwhile republicans and democrats are trying to hammer out a budget deal to avoid another government shutdown next month. paul ryan and patty murray are heading up these talks. the two sides are said to be about $100 billion apart with the gap narrowing in the
the whole economy goes better. i think the economy has just gone down the tubes because of the 1% who want to make the most out of the misery of others. >> the sticking point here is that these workers and folks behind them are asking for a $15 an hour federal minimum wage. that's not the only point here. they really also want to be able to unionize without any fear of retaliation. >> we'll continue to check back in with you throughout the day. thanks. >> stephanie, this latest strike is similar to once we've seen across the country, focusing on income and equality. much of that money is going to wealthier americans. the income of the top 1% grew by 31.4% since 2009, but for everyone else barely moved, growing less than has half a%. much of this battle has been over the minimum wage of $7.25. president obama suggested that rates should be hiked to $10.10 an hour. if it were tied to productively ty, one study said that figure really should be $21.72. >> temperatures are plunging right now across much of the country. a blast of arctic air is bringing bone-chilling cold along with snow and ic
. >> workers take the jobs because they are desperate in an economy that is not creating enough work for people with want to go to work and not creating enough middle class jobs. >> this is the demonstration in oakland back if october and if the minimum wage went up to $15 food prices would go up and there would be fewer jobs. last month, president obama said he would back a senate measure to raise the federal minimum wage to $10.10 an hour and san francisco and san jose heard pay $10 or more an hour. >> a report card is due for bart police show how well they have implemented changes in the wake of the oscar grant shooting five years ago. bart police will receive grids -- grades on 55 changes recommended with calls for bart miss to improve rider state, increase visibility, and provide proper training to employees. the bart board will be briefed on the train break down in the berkeley hills tunnel and consider bart fare changes. >> the agency that oversees development in the san francisco way has launched a remain for am investigation into google secret barge at treasure island. right ares is re
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